Bank Hapoalim BM Has $792,000 Holdings in Cadence Design Systems, Inc. $CDNS

Bank Hapoalim BM boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 333.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,535 shares of the software maker’s stock after purchasing an additional 1,950 shares during the quarter. Bank Hapoalim BM’s holdings in Cadence Design Systems were worth $792,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after acquiring an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Cadence Design Systems by 3.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after purchasing an additional 80 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Cadence Design Systems in the second quarter worth $205,000. NewEdge Advisors LLC raised its holdings in Cadence Design Systems by 39.3% in the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock worth $10,720,000 after purchasing an additional 9,807 shares during the period. Finally, Glenview Trust co bought a new position in shares of Cadence Design Systems during the second quarter worth $226,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Anirudh Devgan sold 25,005 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the completion of the transaction, the chief executive officer owned 253,519 shares in the company, valued at approximately $105,210,385. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total transaction of $69,741.00. Following the completion of the sale, the director owned 8,004 shares in the company, valued at $3,101,149.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 177,557 shares of company stock valued at $66,423,642 over the last 90 days. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Piper Sandler lifted their target price on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Stifel Nicolaus boosted their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Robert W. Baird increased their price target on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, KeyCorp lifted their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.59.

Cadence Design Systems Trading Down 1.7%

CDNS opened at $387.85 on Wednesday. The stock has a market capitalization of $106.98 billion, a P/E ratio of 90.41, a P/E/G ratio of 4.67 and a beta of 1.15. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The firm’s fifty day simple moving average is $348.82 and its 200 day simple moving average is $320.05.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.